On June 25th, the electric vehicle battery manufacturer SK On announced that it has signed a memorandum of forgiveness with an unreasonable understanding with US energy giant EXXONMOBIL. Battery supply chain in the area. According to the memorandum of understanding signed by the two parties, SK On can choose a many years of agreement, and then obtain a lithium of up to 100,000 tons from ExxonMobil in the Akrisan project. However, the two parties have not announced more details for the time being, such as the contract cycle and specific supply, and these details will be discussed in […]
Industry data showed that in May, UK car production was 69,652 units, down 11.9% year-on-year. This is the third consecutive month of decline in UK car production, mainly due to automakers reducing production of existing models and gradually shifting more factories to electric vehicle production. Reasons for the continued decline According to a report by the Society of Motor Manufacturers and Traders (SMMT), the decline in demand for traditional fuel vehicles and global supply chain issues have led to a decline in production. In addition, many automakers are re-adjusting their production lines to prepare for the new era of electric vehicles, and this transition process inevitably leads to a […]
On June 26, Rimac, a well-known Croatian electric supercar and parts manufacturer, released a new self-driving taxi concept car and announced the establishment of a dedicated self-driving taxi service company. This major move marks Rimac’s official entry into the field of autonomous driving and shared travel, and plans to launch the service in 2026. At the press conference, Rimac showcased its latest self-driving taxi concept car. This car combines Rimac’s technical advantages in high-performance electric vehicles with cutting-edge autonomous driving technology, and its design focuses on passenger comfort and safety. The car is equipped with an advanced entertainment system and a spacious seat layout, aiming to provide passengers with […]
Volvo Cars recently announced that the delivery of its highly anticipated electric SUV model EX30 in the United States will be delayed. The EX30, which was originally scheduled to start delivery in the second half of this year, has now been postponed to early next year. Reason for the delay Volvo said that the delivery delay was mainly due to supply chain issues and production delays. In recent years, the global automotive industry has been facing challenges such as chip shortages and logistics bottlenecks, which have also affected the production and delivery of EX30. A spokesperson for Volvo explained: “We are doing everything we can to resolve these issues […]
Industry sources said potential price increases by Chinese chip foundries such as TSMC could give Samsung Electronics a competitive advantage in terms of price. TSMC Chairman C. C. Wei cited rising costs as the reason for the company’s price increase at a June 4 shareholders’ meeting. Nvidia CEO Jensen Huang also agreed with this view, believing that current chip foundry prices are too low. Industry observers expect TSMC to increase prices in the second half of 2024. It is reported that TSMC’s 3nm process orders are full until 2026, and prices are expected to rise by more than 5%. The price of chips on wafers on substrates […]
According to foreign media reports, in May, the number of new passenger car registrations in Germany fell 4.3% year-on-year to 236,425, affected by the sharp decline in sales of electric vehicles (including pure electric vehicles and plug-in hybrid vehicles). In May, German electric vehicle sales fell 23% year-on-year to 43,746, with a market share of 18.5%, compared with 22.9% in the same period last year. However, it should be noted that after entering 2024, Germany has cancelled the purchase subsidy for electric vehicles. Last month, Germany’s pure electric vehicle (BEV) sales were 29,708, a year-on-year decrease of 31%, with a market share of 12.6%; plug-in hybrid electric vehicle […]